Mamaearth’s parent files IPO papers, to raise Rs 400 crore via sale of new shares

Honasa Consumer Ltd, the parent company of personal care brand Mamaearth, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

Through the offer, there will be a fresh issuance of shares worth Rs 400 crore, in addition to an offer-for-sale (OFS) component for 46.82 million shares.